Marginal Cost Equals

question 89

Multiple Choice

Marginal cost equals:

• A)total cost divided by total quantity
• B)the slope of the total cost curve
• C)total output divided by the change in total cost
• D)none of the above

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Definitions:

Surrender

In legal and financial contexts, to surrender means to voluntarily give up a right, position, property, or claim, often in exchange for something else or to end a dispute.

Preferred Stock

A type of stock that gives its holders precedence over common stockholders in terms of dividends and claims on assets, but typically does not have voting rights.

Dividends

The distribution of a portion of a company's earnings to its shareholders as determined by the company's board of directors.

Shareholder

An individual or entity that owns shares in a corporation, thereby holding a portion of the company's equity and potentially influencing its decisions.